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Cable Update (GBPUSD)

  • #322,401
  • Aug 22, 2012 5:10pm Aug 22, 2012 5:10pm
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What's gonna happen!!!! QE3????
WTF @sell
  • #322,402
  • Aug 22, 2012 6:56pm Aug 22, 2012 6:56pm
got 4 shorts 5900 5866 5835 5811
all losers so far
Hoping Tonight euro news is bad.
-200 pips but have not closed positions yet.
nervous

In my rookie reasoning today's news was not bad in itself but market took off on possibility of interest cut.
Kind of overreaction hence my short positions.I am looking for corrective move down to 5780 area
In trading, you have to be defensive and aggressive at the same time
  • #322,403
  • Aug 22, 2012 7:02pm Aug 22, 2012 7:02pm
Quoting Davit
got 4 shorts 5900 5866 5835 5811
all losers so far
Hoping Tonight euro news is bad.
-200 pips but have not closed positions yet.
nervous

In my rookie reasoning today's news was not bad in itself but market took off on possibility of interest cut.
Kind of overreaction hence my short positions.I am looking for corrective move down to 5780 area
this is just a steroid rally, can be given back to the market very quickly, provided you can survive up to 1 week from now. . patience...
  • #322,404
  • Aug 22, 2012 7:07pm Aug 22, 2012 7:07pm
Quoting 5percent
this is just a steroid rally, can be given back to the market very quickly, provided you can survive up to 1 week from now. . patience...
I am hoping sooner say by Fri.
In trading, you have to be defensive and aggressive at the same time
  • #322,405
  • Aug 22, 2012 7:26pm Aug 22, 2012 7:26pm
Quoting 5percent
this is just a steroid rally, can be given back to the market very quickly, provided you can survive up to 1 week from now. . patience...


you may need to survive 1.61 for this, if not your looking at either a - finding a way to drop more into your account while waiting for the sell off.

b - losing your ass with margin calls.

its not a difficult choice and i think we already lost Poundtraedr to this insanity,
Money never sleeps...
  • #322,406
  • Aug 22, 2012 7:27pm Aug 22, 2012 7:27pm
Quoting redbeben
I hope for 1.63 as well for your sake

now I really don't care where it moves.locked all buy profits @ 1.5855 so...

I fear 1.5880-1.5909 will top this and throw it to 1.5750 first but we will see tmr.
now...bed time

hope your right redbeben, lets see for both our sakes,
Money never sleeps...
  • #322,407
  • Aug 22, 2012 8:23pm Aug 22, 2012 8:23pm
I am tired of watching it go up
  • #322,408
  • Aug 22, 2012 8:33pm Aug 22, 2012 8:33pm
Quoting nAVIN2007
i dont think so..for that to happen he needs a reversal
we going to 1.63 so i get of the bus..then i start day trading..hehe

I hope our hong kong friend is ok?
Im fine but Ben sure fucked things up... whats damaging me is the damn UJ....
i mean who the fuck is still buying the YEN?!?!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,409
  • Aug 22, 2012 8:40pm Aug 22, 2012 8:40pm
Quoting bguguen
Im fine but Ben sure fucked things up... whats damaging me is the damn UJ....
i mean who the fuck is still buying the YEN?!?!
We need a break for all short traders here!
Just hang in there DON'T close position.This BS surge will come down.
I just loaded my account so I can weather it out.I feel peaceful now.
I don't trade yen because of swap fees and spread are huge.Not worth it.
Good luck to you.
In trading, you have to be defensive and aggressive at the same time
  • #322,410
  • Aug 22, 2012 8:55pm Aug 22, 2012 8:55pm
Quoting Davit
We need a break for all short traders here!
Just hang in there DON'T close position.This BS surge will come down.
I just loaded my account so I can weather it out.I feel peaceful now.
I don't trade yen because of swap fees and spread are huge.Not worth it.
Good luck to you.
nah i dont have any swap or commission on this broker.. just spreads...
but
what pisses me off is this...

Risk off = buy yen (logic)
Risk on = buy yen (da fuq?)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,411
  • Aug 22, 2012 9:32pm Aug 22, 2012 9:32pm
Quoting bguguen
Im fine but Ben sure fucked things up... whats damaging me is the damn UJ....
i mean who the fuck is still buying the YEN?!?!
What did Ben do mate??
Sorry, I'm asleep when he talks.
Come with me if you want to live....
  • #322,412
  • Aug 22, 2012 9:35pm Aug 22, 2012 9:35pm
Quoting bguguen
nah i dont have any swap or commission on this broker.. just spreads...
but
what pisses me off is this...

Risk off = buy yen (logic)
Risk on = buy yen (da fuq?)
The weekly chart gave me strong bullish hints with those tails.
It looks like a strong bull to me personally.
Look at the strength of the 4hr bullish candles compared to the bearish ones within the previous range. Sort of gave the game away I thought. Why I hedged short I don't know, daytrading not for me.
Come with me if you want to live....
  • #322,413
  • Aug 22, 2012 9:38pm Aug 22, 2012 9:38pm
Quoting Ill-b-back
The weekly chart gave me strong bullish hints with those tails.
It looks like a strong bull to me personally.
Look at the strength of the 4hr bullish candles compared to the bearish ones within the previous range. Sort of gave the game away I thought. Why I hedged short I don't know, daytrading not for me.
I have closed all long positions...it was a hard decision.
  • #322,414
  • Aug 22, 2012 9:39pm Aug 22, 2012 9:39pm
Quoting Caeser
I am tired of watching it go up
You still holding your hedge dude?
Come with me if you want to live....
  • #322,415
  • Aug 22, 2012 9:43pm Aug 22, 2012 9:43pm
I really hope PoundTrader got saved from this move some how. things like this just makes me want to give up this business.
  • #322,416
  • Aug 22, 2012 9:48pm Aug 22, 2012 9:48pm
Quoting Caeser
I have closed all long positions...it was a hard decision.
so still in your shorts I take it?
Silly question I guess from what you just said
I'm still in my hedge waiting for a sign of reversal.

It's a hard hedge to get out of, but I'll post when I close my longs and look to cover shorts if you get nervous and feel like hedging again.
Just an option if you feel uneasy of things that's all.
Cheers dude.
Come with me if you want to live....
  • #322,417
  • Aug 22, 2012 9:51pm Aug 22, 2012 9:51pm
!!!!!!!!! Ohhh PT please stay!!!!
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The only way not to think about money is to have a great deal of it
  • #322,418
  • Aug 22, 2012 9:54pm Aug 22, 2012 9:54pm
Quoting Makavelli7
the line you should be watching is 1.5750, if cable breaches that level then 1.5950 here we come!
Quoting Makavelli7
Long in, added more longs at 1.5653. if 1.5750 falls then we're heading for 1.5950.
Quoting Makavelli7
Really dont know where you guys are getting your shortthecable theories from. the Motherfu...er is heading for freaking 1.5950 Dammmmit! Hey PT, I think I need more of that your good shit!!!
should get to my target 1.5950 in London trading session.
The only way not to think about money is to have a great deal of it
  • #322,419
  • Aug 22, 2012 9:57pm Aug 22, 2012 9:57pm
Quoting Makavelli7
should get to my target 1.5950 in London trading session.

The humble duck
Come with me if you want to live....
  • #322,420
  • Aug 22, 2012 10:34pm Aug 22, 2012 10:34pm
I have 3 sells!
first @ 5600 (1 x standard)
second @ 5800 (1.5 x standard)
third @ 5900 (2 x standard)

with TP @ 5770!

Where I should place SL?
Do I need that??
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